The question you need to ask is why is there no buying?
Been discussed ad nauseam and the million dollar question. It might be as you have suggested in the past that the perceived drilling results thus far are poor or investors are looking for better. Or it may be that there is still a lot to prove up to confirm the resource a commercially viable proposition. Maybe as one or two suggest inside info has the word on the latest drilling results. Or maybe no-one is interested in speculative stocks atm. Or, being a relatively low grade prospect it doesn't have that sex appeal that others have. Or maybe it's a combination of many of those things and many other possibilities that haven't been presented. My view is that it is far too early to call drilling thus far a success or a failure. It is still early days in the process. You, as a professed geologist would know that. It's a speculative punt. You, in effect, invest in the management team to unlock the potential. Most spec miners on the ASX fail. And that's how one must view any investment at this end of the market, high risk high reward potential.
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The question you need to ask is why is there no buying? Been...
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Mkt cap ! $3.997M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.3¢ | $14.26K | 1.041M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 391000 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6 | 1095049 | 0.020 |
5 | 595446 | 0.019 |
3 | 245333 | 0.018 |
2 | 233000 | 0.016 |
Price($) | Vol. | No. |
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0.022 | 100000 | 2 |
0.023 | 3515167 | 1 |
0.024 | 141704 | 2 |
0.025 | 240039 | 2 |
0.026 | 200000 | 1 |
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